Grupo Cibest director acquires pension fund units

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported acquiring 41,555.570 units of the Grupo Cibest Equity Securities Fund on July 16, 2026 at about COP 26,276.515609 (≈$8.13) per unit, bringing his indirect holdings to 82,618.6167 units.

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported acquiring 41,555.570 units of the Grupo Cibest Equity Securities Fund on July 16, 2026 at about COP 26,276.515609 (≈$8.13) per unit, bringing his indirect holdings to 82,618.6167 units.

The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and run by an independent manager. The fund is unitized, invests mainly in Grupo Cibest common and preferred shares with some cash, is payable only in cash at withdrawal, has no expiration date, and the director has no voting or investment discretion over the fund’s assets.

Insider Trade Summary

Grant/Award: 41,555.57 shares

Grant/Award 1 txn

Insider Restrepo Echavarria Luis Fernando

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund F1, F2	41,555.57	$8.13	$338K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 82,618.6167 contracts (Indirect, Director Voluntary Pension Fund Units)

Footnotes (2)

1. F1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
2. F2. The instrument has no expiration date

Key Figures

Units Acquired: 41,555.570 units Total Units After Transaction: 82,618.6167 units Unit Price (COP): COP 26,276.515609 +2 more

5 metrics

Units Acquired 41,555.570 units Units in Grupo Cibest Equity Securities Fund acquired on July 16, 2026

Total Units After Transaction 82,618.6167 units Indirect holdings in the Grupo Cibest Equity Securities Fund following the acquisition

Unit Price (COP) COP 26,276.515609 Value per fund unit on July 16, 2026

Unit Price (USD equivalent) $8.13 per unit Approximate per-unit value using the stated FX rate

FX Rate COP 3,233.91 per $1 Conversion rate used to translate unit price into U.S. dollars

Key Terms

institutional voluntary pension fund, unitized, investment discretion, independent third-party manager, +1 more

5 terms

institutional voluntary pension fund financial

"units held by the reporting person in an institutional voluntary pension fund sponsored"

unitized financial

"The fund is unitized and invests primarily in Grupo Cibest common and"

investment discretion financial

"The reporting person does not have voting or investment discretion with respect"

independent third-party manager financial

"sponsored by the issuer and administered by an independent third-party manager"

expiration date financial

"The instrument has no expiration date"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Grupo Cibest (CIB) director Luis Fernando Restrepo acquire?

Luis Fernando Restrepo Echavarria acquired 41,555.570 units of the Grupo Cibest Equity Securities Fund on July 16, 2026. These units are held in an institutional voluntary pension fund that invests mainly in Grupo Cibest common and preferred shares, plus a small cash component.

How large is Luis Fernando Restrepo’s indirect pension fund position in Grupo Cibest (CIB)?

After the latest transaction, Restrepo indirectly holds 82,618.6167 units in the Grupo Cibest Equity Securities Fund. These units represent an economic interest in a fund investing primarily in Grupo Cibest shares, but the exact number of shares attributable is only determinable at withdrawal.

What price was paid for the Grupo Cibest (CIB) pension fund units?

On July 16, 2026, each fund unit was valued at COP 26,276.515609, approximately $8.13 per unit using a COP 3,233.91 per $1 exchange rate. Units were credited pursuant to a voluntary cash contribution, not purchased at a fixed or negotiated market price.

Does the Grupo Cibest (CIB) director control voting or investments in the pension fund?

The reporting director has no voting or investment discretion over assets held by the institutional voluntary pension fund. An independent third-party manager administers the fund, which is sponsored by Grupo Cibest and invests mainly in its common and preferred shares, plus some cash.

Is the Grupo Cibest (CIB) pension fund investment settled in shares or cash?

The fund units are payable solely in cash based on the fund’s value on the withdrawal date. The number of Grupo Cibest shares economically attributable to the units cannot be determined until withdrawal, emphasizing that this is a cash-settled economic interest rather than direct share ownership.

Does the Grupo Cibest (CIB) pension fund instrument have an expiration date?

The institutional voluntary pension fund instrument reported by the director has no expiration date. Units remain outstanding until the holder withdraws, at which point the value is settled in cash based on the fund’s then-current value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/17/2026 - 05:17 PM Accepted by SEC EDGAR 07/17/2026 - 05:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Restrepo Echavarria Luis Fernando

(Last) (First) (Middle)

CRA. 48 # 26-85

(Street)

MEDELLIN, COLOMBIA 050001

(City) (State) (Zip)

COLOMBIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Grupo Cibest S.A. [ CIB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Units in Grupo Cibest Equity Securities Fund(1)	(1)	07/16/2026		A		41,555.57		(1)	(2)	Common Shares and Preferred Shares	(1)	$8.13	82,618.6167	I	Director Voluntary Pension Fund Units(1)

Explanation of Responses:

1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)